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Whos_Who

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Whos_Who

Re: WallStreetSTTA post# 2198

Tuesday, 01/08/2019 12:46:29 PM

Tuesday, January 08, 2019 12:46:29 PM

Post# of 3061
If you have your tax strategy set as (LIFO- last in first out), those recently 50 shares that you purchased at .09 will be the first to sell, so not a wash because you're selling them at 12.
You are original hundred shares are left untouched.

It goes the same as if you bought those hundred shares at $0.80, and you finally got out of biopharmx at $0.60 but never bought back in within the 30-day period to trigger a wash sale, then technically you still get a tax write-off coming to you because those shares originally were purchased above the $0.60 sale price at .80.

https://finance.zacks.com/determine-shares-sell-fifo-lifo-9766.html
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